• Steady after closing down 0.3% on profit taking, with the USD up 0.15%

• German greens cautious on joining Merz in a new EUR500-bln growth fund

• German parliamentary hearing on different spending proposals starts today

• The final vote on a growth fund package is expected next Tuesday

• A failure to achieve a viable German coalition will reverse recent EUR gains

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Positive daily momentum studies - daily signals retain the topside bias

• 1.0937 Nov 2024 high, then 1.0980 0.786% 2024/25 fall are first resistance

• This week's 1.0805 low, and then the 1.0722 200 DMA are initial supports

• 1.0850 1.222BLN, 1.0860 1.060BLN, and 109.00 685mln close March 13th strikes
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)